Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  A paper announcement made Guanzhi return to the center of the stage again.

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  On July 12, an announcement appeared in the column of "Listed Projects" of the Yangtze River Property Rights Exchange. Title: Announcement on Listing and Transfer of 25.5% Equity of Qoros Automobile Co., Ltd. The announcement was presented in tabular form, with the target name of 25.5% equity of Qoros Automobile Co., Ltd. and the listing price of 1,657.5 million yuan. The registration start date is July 24, 2017, the listing expiration date is August 8, 2017, the listing announcement period is 20 working days, and the registration date is only 12 working days.

  Previously, it has been widely rumored that Baoneng will buy a 51% stake in Qoros for 6.5 billion yuan. However, Guanzhi has never publicly acknowledged it, and Baoneng has also kept his mouth shut and is in an extremely low-key state. Now, what does this paper announcement explain?

  1 Why must Qoros transfer its equity be listed?

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  Che Jujun interviewed an industry insider who is familiar with property rights transactions. He said that the reason is simple: generally, there are three situations involving property rights transactions. Listed companies can change their shares in the stock exchange, and non-listed companies can trade independently. However, non-listed companies with state-owned assets background must be approved by the higher authorities and SASAC before they can transfer their shares in the property rights exchange.

  "This is mainly to prevent the loss of state-owned assets." The industry insider concluded.

  According to public information, the Chinese shareholder of Qoros is Wuhu Chery Automobile Investment Co., Ltd., which also has two shareholders: Wuhu Purui Automobile Investment Co., Ltd. (53.48%) and Changshu Port Development and Construction Co., Ltd. (46.52%). Obviously, China has a state-owned background. In this announcement, the column of enterprise nature also indicates "state-owned shareholding enterprises". In the column of approving the competent department, it is listed as: Chery Automobile Co., Ltd.

  Then, listing on the property rights exchange is reasonable.

  How much should the new shareholders pay for the 51% equity?

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  On June 16th this year, Kenon Holdings, the parent company of Quantum (2007) LLC, the foreign shareholder of Qoros, announced in official website that Qoros, Quantum and Wuhu Chery Automobile Investment Co., Ltd. had reached an investment agreement with an investor from China. According to the agreement, new investors will invest about 6.5 billion yuan in Qoros Auto to gain a controlling stake.

Original text: (4 parties) Have entered into an investment agreement that provides for the new investor investing approximate RMB 6.5 billion (approximate $942. million) in Qoros for a controlling interest in Qoros。

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  Che Jujun got inside information that the new owner is Baoneng Group. It will acquire 51% equity of Qoros, while the original shareholders will each give up 25.5%, and finally form a new joint venture form of Baoneng (51%), Wuhu Chery (24.5%) and Quantum(24.5%).

  As soon as the two news merge, a preliminary inference is drawn: Baoneng will acquire 51% equity of Qoros for 6.5 billion yuan.

  But this is very different from the content of today’s equity transfer announcement.

  According to the announcement, the price of 25.5% equity to be transferred by Chinese shareholders is 1,657.5 million yuan, and if foreign shareholders act in a reciprocal manner, Baoneng will acquire 51% equity of Qoros for 3,315 million yuan.

  Wait, this is half less than the "6.5 billion yuan to acquire 51% equity of Qoros" inferred by the industry before!

  Che Jujun speculated that there may be these reasons. First, either there is something wrong with the wording in Kenon Holdings’ statement. 25.5% of the shares are listed at 1.6575 billion yuan, and the 100% of the shares are just 6.5 billion yuan-exactly the same as the amount of money in Kenon Holdings’ statement in June, the only difference is that the share ratio is inconsistent. Could it be that Bao Neng later raised his sword to bargain? Second, either the valuation of Qoros fell by half a month later.

  Some people say that Kenon’s statement only mentioned 6.5 billion yuan and the controlling stake, but did not mention the specific share ratio. Therefore, they believe that the controlling stake is not necessarily 51%, as long as the new investor’s share ratio is the largest, it can also be said that it has control, such as 40%, 30% and 30% equity distribution.

  But this statement is even more untenable. Because, if this is the case, 40% of the equity of Qoros is worth 6.5 billion yuan, then its overall valuation is as high as 16.3 billion yuan, which is in the opposite direction. In fact, the announcement clearly stated the valuation of Qoros: 6.428 billion yuan.

  That can only be said: from June to July, the valuation of Qoros has shrunk by half?

  The third possibility is that we have misunderstood the announcement. Che Jujun noticed a detail: the 1.6575 billion yuan in the announcement is only the "target listing price (reserve price)". This reserve price may only be the starting price. In the actual auction in the future, if multiple bidders raise their prices one after another, they will eventually clinch a deal at a price of about 3.25 billion yuan. Then this corresponds to "6.5 billion yuan 51% equity".

  Of course, the above scenario is only hypothetical, and the actual result is subject to official news.

  3 data doubt: the loss is 600 million less and the net assets are 3 billion more?

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  According to the annual report of Kenon Holdings, the sales revenue of Qoros in 2016 was 2.5 billion yuan and the loss was 1.9 billion yuan. In this equity transfer announcement, an audit institution named Huapu Tianjian Certified Public Accountants gave a different set of data: Qoros’ operating income in 2016 was 2.6 billion and its loss was 1.3 billion yuan. Why did the loss drop by 600 million yuan? This change is surprising.

  Similarly, even according to the data listed in the announcement, the owner’s equity (equivalent to net assets) given by Huapu Tianjian at the end of 2016 was 3.33 billion, while the book value of net assets given by an evaluation agency named "Zhongshui Zhiyuan" was 4.58 billion, and the evaluation value was 6.43 billion. Two adjacent tables in an announcement have doubled the net assets of the same company in the same period.

  This is somewhat incredible.

  Of course, this announcement involving billions will not be so sloppy, it has found its own rhetoric. In the column of "other disclosures", there are two meaningful explanations: First, Huapu Tianjian did not obtain sufficient audit evidence from Guanzhi, "it is impossible to determine whether it is necessary to adjust the book value of intangible assets and issue a qualified opinion." Second, Zhongshui Zhiyuan adopted the "income method" to evaluate the assets of Qoros.

  An industry insider who is familiar with asset operation explains this: technical patents, intellectual property rights, goodwill and trade secrets can all be included in the asset value after evaluation. In addition, the positive expectation of future performance can also increase the valuation of enterprises-if the evaluation agency adopts the "income method".

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  As far as the first item is concerned, Che Jujun has a little understanding of why Qoros once again mentioned the QamFree engine technology developed with Koenigsegg’s assistance, the European NCAP 5 Star, the Red Dot Design Honor Award and the China brand new car quality first. . . . . . Can you increase sales aside, at least it can increase the valuation of billions-Qoros should add chicken legs to the marketing department and public relations department.

  As for the second item, the psychological expectation of the audience can be effectively improved through communication:

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  According to public reports, Qoros’ recent propaganda offensive is extremely fierce: launching a live car show of Crazy Qoros with Tencent Video, sponsoring the China GT China Super Sports Car Championship, launching a sub-brand Model Young in the second half of the year, and launching three products in the next 12 months. The Model-K EV unveiled at the Shanghai Auto Show is scheduled for mass production in 2019. . . . . .

  Everything seems to be thriving, but through this bustling, Che Jujun discovered the cold fact.

  4. The production time of Changshu factory will not exceed 10 days after the year?

  According to the data of the Association, the cumulative sales volume of Qoros in the first half of 2017 was 5,962 vehicles, down 40% year-on-year. A more surprising phenomenon is that in the production and sales data of the Association, the output of Qoros in June was 0.

  Che Jujun got a fright, and quickly found the output data of Guanzhi in the first half of the year. See the list:

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  Have you found the pattern? Since the beginning of 2017, the production of Guanzhi Changshu Factory is relatively "big month" in odd months and "small month" in even months. For example, in January, March and May, the output of more than 1,000 units per month, but in February, April and June, the output was 79 units, 75 units and 0 units respectively.

  As we all know, the big reason is that the sales volume of Qoros has been poor, and the whole automobile market has been cold this year, which is even worse. But some friends may ask: then why not produce all the cars at once, isn’t that more cost-saving?

  Otherwise. First of all, this will give consumers a "stock car" and reduce their fragile willingness to buy.

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  Secondly, from the practice of automobile manufacturing, the best way to maintain the production line is to keep it running moderately all the time. If it is stopped for a long time and suddenly put into production, all kinds of faults may occur, such as aging and failure of parts, leakage of lubricating oil, improper adjustment of work station and workers’ operation mistakes. Therefore, the general OEM should build cars even in the off-season.

  The same is true for Guanzhi. Odd months are normal production and even months are "maintenance" operation. Until June of this year, even this basic operation was unable to bear, and production was simply stopped.

  According to the data of the Association, the cumulative sales volume of Qoros in the first half of the year was 5,962 vehicles, down 40% year-on-year. The output was 5,167 vehicles, down 56% year-on-year. In other words, in the first half of this year, 800 units were produced less than those sold, because last year’s inventory was digested. Therefore, the forum often asks prospective car owners to post: Can Qoros, which has been in stock for half a year, buy it?

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  For the sake of accuracy, Che Jujun interviewed an employee of the Guanzhi Changshu factory. He said: The production time after the year is less than 10 days.

  Che Jujun was shocked again.

  In an interview with the production manager of another car company, he analyzed: At present, the production rhythm of car companies is around 60JPH, that is, a new car is off the assembly line in one minute, and the slower one is 30JPH, that is, a new car is off the assembly line in two minutes. In terms of running time, it is common for the best-selling manufacturers to spend more than ten hours a day, and the poor sales can also open for 8 hours.

  According to the report, the production rhythm of Qoros Factory is 36JPH, that is, 36 new cars per hour, and the minimum production time is 8 hours (for reasons below). The output on that day is 288, so the total output in ten days is 2,880.

  According to the data of the Association, Qoros produced a total of 2,709 vehicles from March to June-just less than the output of 2,880 days. It seems that the statement that the production time is less than 10 days after the year is basically true.

  How do the workers in Changshu factory feel about this bleak output?

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  A user whose ID is "Call of Doomsday" asked in the post bar: How about Guanzhi Changshu Factory? Why is the internship only 1950 yuan?

  Che Jujun was shocked again. Let the post-90s generation get a monthly salary of 1950 yuan in the Yangtze River Delta? Can such treatment create a luxury "A New Premium" car?

  The reply was really full of complaints. A suspected regular employee shares: 2300 basic salary +450 fixed allowance after becoming a regular employee, and get 2500-2600 a month without overtime after paying five insurances and one gold. There are also employees who add: I usually work for 7 days and have 7 days off. If I go to work, I usually get off work at 5 o’clock and have a weekend. But when you are busy, you will also be urged to work overtime-you have to work overtime during the Mid-Autumn Festival. Last year, I had a long vacation from June until July. It is estimated that the holiday will be longer this year.

  Che Jujun inadvertently found a sad post.

  "I am a Korean, working as a secretary for Korean leaders for 5 years, and then working as a clerk in Changshu Qoros Automobile. Now, due to the poor efficiency of the company, I often have holidays, so I want to teach Korean part-time and the price is negotiable. "

  5 How much is Guanzhi worth now?

  This is a difficult question to answer. According to the valuation on the listing transfer announcement, it is 6.428 billion yuan. It sounds a lot. After all, Volvo sold it to Geely for only $1.8 billion, equivalent to RMB 12.3 billion. Geely’s 51% stake in Lotus only cost 450 million yuan.

  If roughly equated, it can be said that the current valuation of Qoros is equal to 0.5 Volvo and 7 Lotus.

  Regardless of whether Baoneng won the bid in the end, the new controlling party must first face a grim reality: how to stop losses. After all, Qoros is not a listed company like Tesla. It can rely on news events to stimulate the capital market with losses, and finally let the market pay for it.

  Guanzhi burns investors’ money, and the profit cycle of electric vehicles will be extremely long-Tesla, the object of its tribute, has been profitable for only two quarters in the past seven years. And the strength is far less than Tesla’s Guanzhi. How many years will it take on the road of electric vehicles to bring positive returns to investors?

Qoros stopped production, Chery listed 1.66 billion and transferred 25.5% equity of Qoros.

  According to public information, Qoros lost a total of 8.74 billion yuan from its own financial report to 2016, and lost 640 million yuan in the first half of 2017, which is equivalent to its accumulated loss of 9.4 billion yuan.

  In addition to stopping losses, new investors have to invest more money for the future development of Qoros. Take Volvo as an example. Although the acquisition cost only $1.8 billion, the subsequent investment of $11 billion was used to develop a brand-new SPA platform architecture and VEA engine cluster. As the saying goes, it is difficult to start a family, and it is even harder to support a family.

  Without the accumulated investment of 100 billion RMB, it is difficult for you to make a decent international automobile brand from scratch.

  According to the Hurun Rich List in 2016, the wealth of Baoneng boss Yao Zhenhua rose by 820% to 115 billion yuan, ranking fourth. In other words, if Mr. Yao wants to realize his dream of building a car through Guanzhi, he has to invest almost all his money. Moreover, success and making money are not the same thing. See Tesla for details. If you make money by being "China’s Tesla"-wait, isn’t Tesla going to be made in China soon?

  Of course, if it is not a strategic investment but a financial investment, it is another story.

  Summary of car gathering:

  If there is no accident, Baoneng will pay at least 1.658 billion yuan to Wuhu Chery Automobile Investment Co., Ltd. in August. Because the payment method listed in the announcement is that the transferee will pay all the transfer price of the target in one lump sum within 5 working days from the effective date of the Property Rights Transaction Contract.

  Prior to this, Baoneng kept a low profile, even found some mainstream media and negotiated to delete articles related to Guanzhi. "Personally, this may be to prevent opponents from joining the bidding ranks after hearing the news to the maximum extent, thus increasing the purchase cost of Baoneng." An investment person told Che Jujun this way.

  On that day, Kenon Holdings’ share price closed at $13.36, a slight increase of 0.38%. (Source: Cheju.com Tuobachong)

Merger and acquisition of deep blue cars! Changan Automobile’s half-year profit fell by 63%

Recently, Changan Automobile released its 2024 interim results report. The financial report shows that in the first half of 2024, Changan Automobile achieved operating income of 6.723 billion yuan, a year-on-year increase of 17.15%; The net profit attributable to shareholders of listed companies was 2.832 billion yuan, a year-on-year decrease of 63.00%; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.169 billion yuan, down 5.89% year-on-year; During the reporting period, the total non-recurring profit and loss of Changan Automobile was 1.663 billion yuan, of which 1.471 billion yuan was included in the current profit and loss.

Sales volume is the main reason for the increase in operating income. In the first half of the year, the cumulative sales volume of Changan Automobile was 1.334 million units, up 9.7% year-on-year, which was the highest in the past seven years. Among them, the sales volume of new energy of independent brands was 299,000, a year-on-year increase of 69.9%; The overseas sales volume of independent brands was 203,000 units, a year-on-year increase of 74.9%; However, the high sales volume pushed up the revenue, but the profit dropped sharply by 63.00%. Changan Automobile said that it was mainly due to the acquisition of Deep Blue Automobile in the first quarter of 2023, and confirmed a non-recurring profit and loss of 5.021 billion yuan. After excluding the impact, Changan Automobile’s non-net profit decreased by 5.89% in the first half of the year. At the same time, although the sales volume has increased, it is not as profitable as before. In the first half of the year, Changan Automobile’s gross profit margin was 13.8%, down 2.54 percentage points compared with the same period. Some analysts pointed out that the decline in gross profit margin was due to the decline in the company’s fuel vehicle share and the loss of new energy vehicle brands under the background of industry price war.

At present, Changan Automobile’s main new energy brands include Deep Blue Automobile and Aouita Technology, but the financial performance of these two companies is still mixed. The sales revenue of Deep Blue Automobile and Aouita has increased substantially, and the losses have also narrowed, but they are still at a loss, which means that Deep Blue Automobile and Aouita still need to rely on their parent companies for "blood transfusion".

The financial report shows that in the first half of 2024, the revenue of Deep Blue Automobile was 13.981 billion yuan, with a net loss of 739 million yuan and a loss of 320 million yuan in the same period; Avita’s revenue was 6.152 billion yuan and its net loss was 1.395 billion yuan, a decrease of 360 million yuan compared with the same period. Changan said that due to the improvement of product structure, Deep Blue Automobile promoted cost reduction and efficiency increase, and its profit loss decreased year-on-year; Aouita benefited from the gradual enrichment of product lines, the improvement of product benefits and the year-on-year reduction of profit losses.

The data shows that the sales volume of Deep Blue cars in the first half of the year was 71,000, a year-on-year increase of 73.6%. Deng Chenghao, general manager of Deep Blue Auto, said during the 2024 Chengdu Auto Show that if Deep Blue Auto sells more than 30,000 vehicles a month, it can achieve profitability. At present, relying on the support of Chang ‘an, Deep Blue operates in the form of "light assets" in terms of factories and channels, and 90% of its distribution stores have achieved profitability.

As for Aouita Automobile, although its market size is not as large as that of Deep Blue Automobile, it delivered 21,000 vehicles in the first half of the year, which was double compared with the same period. Recently, Aouita decided to enter the hybrid market, and expanded its sales volume through pure electric and hybrid power layout. At the same time, Aouita spent 11.5 billion yuan to acquire a 10% stake in Huawei Yinwang Company, which will strengthen the connection between Aouita and Huawei, and take advantage of the latter’s technical awareness in consumers’ minds, thereby enhancing brand tenure and brand sales.

According to the plan of Changan Automobile, the sales target of Changan New Energy is 750,000 vehicles in 2024, and the annual targets of Changan Qiyuan, Deep Blue Automobile and Aouita are 250,000, 280,000 and 90,000 vehicles respectively. Judging from the known sales volume, as of the end of August, the completion rate of the sales target of the above brands was less than 40%, and the sales pressure was huge. To this end, Changan Automobile will continue to exert its efforts in the new energy vehicle market in the second half of the year, and will launch a number of brand-new and redesigned models such as Qiyuan E07, Qiyuan, Qiyuan, and the fourth generation CS75PLUS.

In terms of joint venture brands, Changan Ford sold 111,600 vehicles in the first half of the year, up 13.36% year on year, while Changan Mazda sold 36,800 vehicles, up 14.44% year on year. Although the joint venture brand is no longer the "profit cow" of Changan Automobile, Changan Ford still contributed 1.821 billion yuan of profit to Changan Automobile, up 127.86% year-on-year, and still brought 619 million yuan of investment income to Changan Automobile.

Guangzhou Automobile Toyota enjoys the listing price of 69.8-10.68 million yuan.

Guangzhou Automobile Toyota enjoys the listing price of 69.8-10.68 million yuan.

  Xinlang automobile news 2017yearthreemoonnineOn, Guangzhou Automobile Toyota was officially listed, and the new car will be standard in all departments.VSCBody stabilization system. Guangzhou Automobile Toyota Zhixiang is really a new model.YARiS LThe dazzling sedan version, the power is still to provide.1.3Land1.5LTwo power options are available. According to the configuration, a total of 9 were introduced.Model, the price range is6.98-10.68Ten thousand yuan.

car make and model Guide price (yuan)  1.3 smart MT  69,800  1.3E charm MT 77,800  1.3E charm CVT  85,800  1.5E charm MT  81,800  1.5E charm CVT  89,800 1.5G dazzling MT  89,800  1.5G dazzling CVT  97,800  1.5G dazzling skylight version MT  99,800  1.5G dazzling sunroof CVT 106,800

  New car highlights:

  one. standard configurationVSCBody stabilization system                    

  2. High-profile models are rich in configuration

  three. Small displacement and high efficiency

  Guangzhou Automobile Toyota Zhixiang is really a new model.YARiS LDazzling sedan version, which highly inherits the dazzling style design, and its appearance fills the gap of GAC Toyota in the small sedan market.

  In terms of modeling, Zhixiang inherited the family style. The front face of the new car basically continues the dazzling design style, but it has been adjusted in details. Different from the design style of dazzling and exaggerated two-color front face, it adopts the front bumper with the same color as the body, which looks more approachable and the overall sedan looks more stable.

Enjoy the dynamic and smooth side lines of the car body, and the sharp waistline of the car body extends from the front fender to the rear taillight, which is exactly the same as dazzling. Its body length, width and height are respectively4440*1700*1490mm, the wheelbase is2550mm. This kind of data table is now in the upper-middle level among competitors at the same level.

As for the tail, the shape of the tail to enjoy is basically the same as that of VIOS. The overall shape is round and full, and it is marked on the trunk.Gac Toyota"and“YARiS L”Logo makes it easier for us to distinguish enjoyment from VIOS. Although the overall look is very smooth, the degree of creativity in modeling is not very high, but it is also approachable.

  After all, it’s a sedan version of a small car, so it won’t play too many tricks in the interior and configuration, and it adopts the same interior design as Zhixuan. The interior of the new car uses a simpler design style, and the functional areas are well divided, which is far from excellent. It can only be said that it is easy to use. In addition, Zhixiang is also equipped with a three-spoke multi-function steering wheel, a barrel instrument panel and an electric sunroof. 

  All models will be standard.VSCBody stability system,TRCTraction control system,HACUphill auxiliary control system and intelligent engine start-stop etc. The middle and above models will be equipped with front side airbags. The top model will also be equipped with keyless entry, one-button start and cruise control. in addition1.5LModels will be standard.LEDDaytime running lights and front center armrest box.

  In terms of power, Zhixiang will continue to be used.1.3Land1.5LNaturally aspirated engine, its maximum power is (73kW)99PSAnd (79kW)107PS, the peak torques are respectively123N·mand140N·m. Optional transmission systemfiveQuick manual orCVTContinuously variable gearbox.

YARiS L To enjoy the launch isToyotaAn important step in the two-car strategy, and for consumers, if you choose Toyota’s car, you will no longer only have a hatchback to dazzle, and the sedan can meet the needs of more consumers. After all, Chinese people love the sedan better than the hatchback.

However, compared with the competitor Honda Fit, although the quality of Toyota is very guaranteed, after all, as a dazzling sedan model, the innovation level is not enough, including the configuration and power chassis, which are still dazzling for some years, but fortunately, this whole set of design is very stable and has passed the test of the global market, and there will be no problems.

And the publicPoloIs another powerful opponent, after all.VWOur brand value is still the status of God Car in the hearts of Chinese people. In contrast,YARiS L The advantage of enjoyment lies in the lower energy consumption of its power system and the more stable quality of Toyota cars. howeverPoloBetter driving quality can not be ignored. To a certain extent, the battle between the two began at the moment of listing.

  Summary:Shenlong stopped production last year.Dongfeng CitroenC2andDongfeng Peugeot207,MazdaAlso gave up.Mazda2. In this context, Toyota continues to exert its strength in the small car market. In the face of powerful rivals, its advantages are very obvious, and the leather is durable, fuel-efficient and easy to open, but its point of view still maintains the dazzling one, and there is not much innovation. As for the future development, it needs to be tested by the market.

Air suspension+electromagnetic shock absorber! Analysis of Tengshi N7 Chassis

  [Interpretation of car home’s Fresh Technology] (|) The order has been broken by 20,000, and from the feedback of the previous test drive video, netizens are most interested in the cloud technology carried on the chassis of this car. As it happens, I visited BYD’s manufacturing base in Jinan some time ago. This base is one of BYD’s latest bases, which mainly undertakes the production and manufacturing of dolphins and Tengshi N7, and the engineers responsible for Tengshi N7 chassis and BYD Yunqi also work here. This article will talk to you in depth about my feelings about this chassis and its technical characteristics.

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The type of cloud chariot

  First of all, we need to know the general distribution of cloud technology. For a better understanding, we can compare it to four students at different stages.

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  Yunqi -C (primary school students), Yunqi -A (junior high school students), Yunqi -P (senior high school students) and Yunqi -X (college students). As you can see, this set of technical logic is from the lowest C to the highest X. Among them, under the same big technical framework, it may be further subdivided, and they will have subtle differences in their capabilities.

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● Is Yunxiao an active suspension?

    Some time ago, many netizens in the forum debated whether the ideal air suspension was an air suspension, and later it was extended to the cloud of Tengshi N7. Regarding the ideal air suspension, our previous video has been deeply interpreted, so you can review it. (Interpretation of Ideal Magic Carpet Suspension)

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    For Yunqi, the current situation is as follows: Yunqi -C (primary school students), Yunqi -A (junior high school students), Yunqi -P (senior high school students) and Yunqi -X (college students) are all basic or standard versions, among which Yunqi

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  Let’s talk a little more here. Tengshi’s engineer said: The sold models with electromagnetic suspension, such as Tengshi D9, can be upgraded to a cloud in the future through OTA. At the same time, through the decentralization of the algorithm, road information can be collected by the camera, road characteristics can be identified in advance, and the damping of the shock absorber can be adjusted to realize the function of active suspension.

● Return to theme: Tengshi N7 suspension analysis and Yunnian -A composition.

  OK, through the above explanation, I believe everyone has a general understanding of Yunqi. Let’s take a detailed look at the chassis of Tengshi N7 and share the specific riding experience of Yunqi-A.

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  The central controller is placed in the middle of the car body, just like the brain, which obtains the sensor information first, and then gives the information to the air spring and shock absorber to adjust the height and damping.

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  At this stage, the cloud chariot -A system of Tengshi N7 is still a semi-active suspension, strictly speaking. Why? Let’s take a look at its working process:

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  Readers, have you noticed that all the sensor information is passively obtained after driving? Even if the central control unit can output the adjustment strategy very quickly, it is still passive. Therefore, at this time, Yunqi -A is still considered as a semi-active suspension.

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  However, BYD will certainly not stop there, and "cloud preview" has appeared. Cloud preview is not exclusive to A, it belongs to all four suspension technologies mentioned above, and we can understand it as the PRO version of each suspension version (let’s call it PRO version for the time being), which is mainly viewed in combination with the vehicle model. For example, the version of Tengshi N7 with laser radar can upgrade the cloud preview. Its function is to identify the road characteristics in advance. It will scan the road information through the camera module and the laser radar, calculate the drop of 5-150m, and adjust the suspension in linkage.

  At present, Tengshi N7 has not been upgraded to this function, but in the communication, engineers also revealed that they will release this PRO version of Yunbi -A when Tengshi N7 Intelligent Driving Edition is launched, so we have reason to believe that this active suspension will also be linked with intelligent driving, such as high-speed NOA, which can predict the curvature of the front curve in advance through navigation to adjust the suspension hardness.

● Overdeceleration brings surprises, and the low-frequency resonance needs to be improved.

  Then, let’s talk about the actual feeling of Yunqi -A Standard Edition in the test scenario.

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More exciting videos are all on the car home video platform.

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  Of course, there are advantages and disadvantages. I think it is mainly reflected in the following aspects.

  First of all, the sports mode is not enough. When entering the sports mode, the air suspension of the vehicle is not linked, but the damping of the shock absorber is increased.

  The second is that when passing through the washboard road, the back row occasionally resonates, and sitting in the back row will make you feel uncomfortable.

Write at the end:

  The above is all my experience and content sharing of Yunqi -A this time. Let’s make a simple review and summary. N7′ s Cloud Web -A has a set of self-developed complete system architecture: it is composed of Cloud Web perception architecture, central processing unit, intelligent control technology and key components, and builds a complete architecture of perception, decision-making and execution. Among them, the central processing unit is the "central nerve" of Yunnian -A system, which can retrieve the signal data of all the sensing layers of the vehicle, actively perform high-speed calculation on the body posture and wheel load through the self-developed algorithm, and output the control strategy in real time.

  Secondly, the function of Cloud -A of N7 does not include preview function when there is no optional high-level intelligent driving exclusive package, but it does not affect the realization and experience of the above functions such as height adjustment and damping adjustment of Cloud-A..
  Third, Tengshi’s engineer said that the model I experienced this time is still a trial installation, so the second deficiency mentioned above will be improved. As for the first sport mode, they are already developing and updating, and will make comfort mode and sport mode more differentiated in the future. At the same time, they will also listen to the suggestions of car owners, and finally improve the quality of suspension and chassis through OTA. Let’s look forward to the future Tengshi N7! (Photo/Text car home Leng Xiaoyang)

"Journey to the West" 1 billion box office division is in doubt, Huayi and Xingye are afraid of disputes

 


The box office of "Journey to the West to Conquer Demons" exceeded 1 billion, and investors had contradictions about profit sharing

    Movie Network News(Text/Li Chao) As of February 25, the box office has exceeded 1 billion, second only to "Lost in Thailand" to become the second runner-up in the box office of Chinese films in the history of film. At noon on the 25th, Huayi Brothers just issued an announcement that as an investor in "Journey to the West", it has obtained nearly 200 million profits and can enjoy 70% to 90% of the distribution income. On the same night, Bigao Group and Culture China Group, executive directors of Stephen Chow, issued an announcement denying Huayi’s identity as an investor and stating that they are the owners of 70% of the income Huayi said. Is Xingye, who has always loved lawsuits, going to dispute with Huayi Brothers again? [Movie Network] The first time we connect with multiple parties, we will take you to find out.


Wang Zhongjun and Wang Zhonglei are the presidents of Huayi


Xing Ye was rumored to have a dispute with the Huayi Brothers

Event review:

Is 40 million yuan just an agent deposit? The identity of Huayi’s investor has been denied

    At noon on February 25, Huayi Brothers announced that the box office of "Journey to the West to Conquer Demons" has reached 990 million, and the pre-tax profit is nearly 200 million yuan. According to the announcement, Huayi Brothers not only collects the distribution agency fee of 12% of the gross income of the film’s distribution in mainland China, but also enjoys 70% to 90% of the net income of distribution in mainland China. However, Bigao Group and Culture China Communication Group, where Zhou Xingchi is the executive director, issued a series of announcements on the evening of the 25th, saying that only investors can actually obtain 70% of the calculated net income of the film’s distribution in mainland China.

    According to the announcement of Bigao Group in November last year, the investor of "Westward Journey" is a wholly-owned subsidiary of Bigao Group, Weixiu Film, Anle Film and Culture China Communication, but Huayi Brothers is only responsible for the promotion and distribution of "Westward Journey" in the mainland. It is not an investor and is not eligible for the "70% to 90% share income" mentioned in the previous Huayi announcement.

    At the same time, the relevant person in charge of the Cultural China Group also broke the news to the media that Huayi Brothers is indeed only the issuer and not the investor, and signed a "guaranteed distribution agreement". The 40 million advance production payment that Huayi previously paid for the "Westward Journey" is only the "agency deposit" in the guaranteed agreement. This amount does not represent that Huayi is one of the investors of the "Westward Journey". The announcements of these listed companies are very different, and many industry insiders began to speculate that Huayi Brothers, Bigao and Cultural China are very likely to have disputes due to unclear account sharing. A user named Cao Shishan said on Weibo: "Wang Zhonglei seems to be involved in a lawsuit with Zhou Xingchi."

Next page: Responses from all parties

Shanhai T2 starts at 179,900 yuan, and hybrid off-road makes Jietu’s "wild" heart bigger

"You, take advantage of the wind to cross the strait, and you always have to experience it all the way; we, over the mountains and meet the sunset, go to find flowers that no one knows."

This very popular song "Young You" has aroused many people to want to go out of the concrete forest, explore the unknown, and find the poetry and distance in their hearts. Driving an off-road vehicle, crossing mountains and mountains, wading mountains and rivers, standing on the top of a mountain, looking at the vast land, and spreading their arms, it seems that they truly own the whole world. However, everyone knows that buying an off-road vehicle is expensive, and driving an off-road vehicle is more expensive for gas. So can we find a balance between "off-road" and "fuel saving"?

The answer is yes. On April 22, it was officially launched. The new car launched a total of 3 models with a price range of 17.99-20 9,900 yuan. Not only that, Jietu T1 ushered in the debut, and the new car was positioned as a compact plug-in hybrid SUV, which can be called the "personality responsibility" of the T product line. In addition, Jietu Shanhai T5, Jietu Shanhai T7 and pickup truck Shanhai P5 also appeared simultaneously.

Jietu Shanhai T2

From the appearance of the Jietu Shanhai T2, it can be seen that it is taking the "Travel +" route. Its square and rigid shape gives people a good first impression. Unlike some retro models on the market, the Shanhai T2 uses a square lampshade with a wide front surround, which looks very imposing as a whole.

In terms of body size, the length, width and height are 4785mm, 2006mm and 1875mm respectively, and the wheelbase is 2800mm. The 208km mountain version is embellished with fluorescent yellow on the rim, roof and other details, adding some vitality to the vehicle. In terms of tire configuration, the 129km version uses 255/60 R19 tires, and the 208km version uses 255/55 R20 tires.

In terms of the rear design, the Shanhai T2 is also a typical hard-core off-road vehicle style. The spare tire cover is in the middle, and there are longitudinal tail lights on both sides. The light strip inside is designed in a "T" shape, which is very recognizable when lit. The line design on both sides of the rear and above the light group also makes the tail look more layered.

In terms of the interior, the Shanhai T2 uses a more popular design now. There is a large 15.6-inch screen on the center console, and most of the functions are integrated into it. As an off-road car, it also retains the driving mode selection knob and some other physical buttons. It is worth mentioning that this car will be equipped with the Qualcomm Snapdragon 8155 chip, which means that although it focuses on travel and off-road, it can reach the mainstream level of the current car market in terms of car experience.

In terms of configuration, Shanhai T2 comes standard with panoramic image, transparent chassis, driving mode selection (sports, economy, standard, snow, etc.), ramp assistance, electric suction tailgate, roof rack, keyless start/entry, App remote car control, 10.25-inch LCD meter, auto front light, intelligent partition temperature control, rear discharge trend, 15.6-inch central control screen, intelligent partition voice control, voice continuous recognition, front door multi-layer silent glass, induction wipers, etc.

The mid-to-high-end models will also have lane departure warning, lane keeping, road traffic sign recognition, fatigue driving monitoring, front collision warning, adaptive cruise, high-speed cruise assistance, traffic congestion assistance, 64-inch panoramic sunroof, steering wheel heating, 50W mobile phone wireless fast charging, adaptive far and near light, customized ambient light, passenger leg rest, front seat electric adjustment, front seat ventilation/heating/memory, FACE ID, OMS vital signs monitoring and other higher-end configurations.

In terms of power system, Shanhai T2 uses a 1.5TD DHE + 3DHT hybrid system, with a maximum engine power of 115kW and a maximum torque of 220N · m. It is equipped with a three-speed electric hybrid special gearbox. The comprehensive maximum power of the system can reach 280kW and the maximum torque is 610N · m. In terms of battery, the 129km version uses AVIC Plaza, with a capacity of 26.7kWh; the 208km version uses the Ningde era, with a capacity of 43.24kWh. In terms of energy consumption, the 129km version of WLTC has a comprehensive fuel consumption of 1.41L/100km, and the 208km version has a battery life of 0.93L/100km. In terms of battery life, the 129km version of WLTC has a battery life of 100km, and the 208km version of WLTC has a battery life of 161km. The official said that when the car is fully charged, the comprehensive battery life can reach 1300km.

Jietu Shanhai T1

Debuting at the Jietu brand night, the car is positioned as a compact plug-in hybrid SUV. From a design standpoint, it bears many similarities to the previously released Jietu Shanhai T-L. According to reports, the car will be officially launched in the fourth quarter of this year.

In terms of appearance design, Shanhai T1 continues the family-style design language. The digital light and shadow front grille is an iconic design. The shape inside the headlight group is like a petal, which is very recognizable. The grille also integrates belts, which extend to the headlight groups on both sides, forming a through-type visual effect. Moreover, when the vehicle starts, the light strip will flash, which is very technological.

On the side of the car, the Shanhai T1 is still a square shape, full of hard style. The front and rear fenders have a raised design, creating a "three-stage" visual effect. The body length of the new car is nearly 4.7m, and the wheelbase is 2800mm.

The rear part of the car, Shanhai T1 also adopts a tough design, and the shape of the taillight group is very unique, which plays a good role in embellishment.

In terms of interior, the Shanhai T1 incorporates many elements of hard-core off-road SUVs in details, such as the large-size handle in front of the co-pilot. But in terms of overall design, it is more inclined to meet the needs of the home market. The combination of a full LCD instrument panel and a large-size central control screen is a popular configuration now, and there is also a row of commonly used physical buttons at the bottom of the screen, which is more convenient to use.

In terms of power system, the Shanhai T1 adopts Chery’s Kunpeng super hybrid C-DM technology, is equipped with a 1.5TGDI hybrid special engine, and is matched with a DHT gearbox. It is worth mentioning that this car also has an electric four-wheel drive function, and the comprehensive output power of the system can reach a maximum of 450kW.

Jietu Shanhai T5

The Shanhai T5 is tall and powerful, with a hard style design, and the point-like light group at the front of the car has a high degree of recognition. The car offers a 5/6/7-seat layout, equipped with 2.0T + 2DHT + 2-speed P4 motor, the total power of the system is 560kW, the total torque is 795N · m, and the official said that its full oil and full power range is 1400km. It is reported that the car is expected to be officially launched in 2025.

Jietu Shanhai T7

The Shanhai T7 is expected to be launched in 2025. The car is positioned as a million-class SUV. It is built on an 800V platform and is equipped with four motors and an intelligent lift suspension system. The official said that the car has functions such as amphibious, plateau oxygen chamber, bulletproof and explosion-proof, drone detection, etc. It has a minimum ground clearance of 351mm, the rear wheels can be turned plus or minus 6 degrees, and it has a climbing mode.

Jietu Shanhai P5

Jietu Shanhai P5 will be designed in a hardcore mecha style, equipped with a 2.0T + 2DHT + 2-speed P4 motor, with a pure electric cruising range of 150km and a comprehensive battery life of more than 1400km. The car will also be equipped with a three-stage reversable multi-function tailgate. It is reported that the car will be officially launched in 2025.

Write at the end

At this brand night, the "five tiger generals" of Jietu Automobile were officially assembled, marking the official entry of Jietu Automobile into the 3.0 era. Jietu Automobile’s product line has covered many fields such as family travel, fashion light off-road, business cockpit and amphibious new species, achieving a comprehensive and all-scene product layout.

It is not difficult to see that Jietu Automobile has grown from a chaser to a competitor, and now it is standing at the highest point of the industry and has become an overachiever. They are ready to spread their wings and lead a new chapter.

On the first anniversary of the implementation of the Charity Law, an exclusive interview with Wang Ming, a member of the National Committee of the Chinese People’s Political Consultative Conference a

   In September 2017, the Charity Law officially came into effect for one year. In the year since the implementation of this law, which was called a "milestone in the history of Chinese legislation" at the time of its birth, the state has successively issued 15 regulatory documents supporting the Charity Law, covering the registration and identification of charitable organizations, charitable fundraising, charitable trust filing, charitable activity expenditure and management fees, and supervision and management. The official summary said that the law "created conditions for the improvement of the social ecology and the sustainable and stable development of charitable undertakings." At the same time, social events such as "paintings of autistic children" reflect the society’s continuous examination of the connotation of charity. There are also questions from the public that "it is more difficult to register charitable organizations after the promulgation of the Charity Law".

  One year after the promulgation of the "Charity Law", what impact has this law had on society? Does it explore the transformation of national and social relations in the field of charity as expected by the outside world? How will it promote the social ecology of charity in China? Nandu reporters interviewed Wang Ming, a member of the National Committee of the Chinese People’s Political Consultative Conference who has just won the Fukuoka Asian Culture Award and has been deeply involved in the drafting of the "Charity Law" and a professor at the School of Public Administration of Tsinghua University.

  Talk about the implementation effect

  All information is released through the platform and supervised by society

  Nandu: It has been a year since the Charity Law came into effect. What do you think of its implementation effect? Some people have suggested that it is now in an awkward transition period, and it seems that it is more difficult to register charitable organizations. What do you think?

  Wang Ming: First of all, we need to understand the Charity Law. It is a brand-new system in itself, and the legislation itself is also a completely open process. Many scholars and all sectors of society have participated in the legislative process. After the promulgation of the Charity Law, I have been calling for greater efforts to popularize the law. The Ministry of Civil Affairs recently proposed that one of the priorities of the next step is to popularize the law, and I agree with this proposal. Why should we emphasize the importance of popularizing the law? Because almost all the institutional arrangements and principles in this law are new. Not only for charitable organizations, but also for government departments at all levels. Therefore, whether the law can be implemented depends most importantly on legal education. It is necessary for every charitable organization, every relevant government department, and even every citizen to fully learn and master the Charity Law, so that the new law can be put into practice.

  I generally approve of the work of the Ministry of Civil Affairs in the past year, especially in terms of information disclosure. They have made great efforts and responded positively to my proposal. In my proposal, I emphasized that the construction of three information platforms is the key to the implementation of the Charity Law. On the eve of the implementation of the new law last year, the Ministry of Civil Affairs released 13 units as "designated information platforms". On the first anniversary of the implementation of the new law this year, it announced the official operation of the "unified information platform". I highly praise and look forward to this.

  Nandu: Why does information disclosure play such a crucial role in the implementation of the Charity Law?

  Wang Ming: What is the real key mechanism of the Charity Law? My understanding is that the most fundamental function of the Charity Law is to transform the relationship between the state and society. What does it mean? Before the Charity Law was implemented, the government directly confronted charitable organizations and social organizations. "What you should do, what you shouldn’t do, how I supervise, and how I manage" is all up to the government. After the Charity Law was promulgated, the government did not directly confront charitable organizations, but through the platform. What do you do? I will supervise you through information. This is a process and cannot be achieved immediately. So in the next year or two, it will be up to the platform to direct. First let the three platforms land, and then let the government slowly step back, from the original government facing the organization directly, to the government facing the platform, and the platform facing the organization. All information is released to the society through the platform and supervised by the society, and this law is implemented through the platform.

  So I’m not particularly worried about what some people are seeing now, such as "It’s difficult to register, and more than 2,000 companies have been identified in a year, which is too few." I don’t think there is any need to worry. Because the identification of charitable organizations cannot be regarded as a power granted to the Ministry of Civil Affairs. The Charity Law does not grant this power, but should be regarded as a procedure, and everything is determined by the procedure, not by which department.

  Therefore, I propose four sentences: "The government controls the platform, the platform faces the organization, the public social supervision, and the organization acts according to law," which can summarize the basic structure of the new pattern of state-society relations after the promulgation of the Charity Law.

  Talk about the three major platforms

  The information is aggregated into a large database system, and the so-called "human flesh" will be easy

  Nandu: Can you provide more details on the three platforms you mentioned?

  Wang Ming: Our so-called three platforms are the "unified information platform", the "designated information platform" and the "self-built website of charitable organizations". If these three platforms can be implemented, I think the key mechanism of the Charity Law will be established.

  The first one is called the "unified information platform." The term in the Charity Law is "the charity information platform uniformly established by the Ministry of Civil Affairs of the State Council." It is mainly responsible for publishing information that must be released by the official, and it has a strong public character. Its main feature is authority.

  The second is called the "designated information platform," which is a social operation, social funding, and release information at any time. It is highly interactive and has a large amount of information. At the end of August last year, the Ministry of Civil Affairs issued 13 units as designated charitable donation platforms.

  My personal opinion is that 13 is actually too many, and it is best to choose 4-5 in the end. 13 will not be easy for the public to choose, and it is too time-consuming to identify. It is best to have a few. Each has its own characteristics, and it is easy for the public to choose according to their own habits. On the other hand, the biggest difference between these designated platforms and the first type of platform is that they can assume the function of "big data". The public chooses by themselves, uses this platform as often as possible, the number of clicks continues to increase, and the credibility of these platforms can also increase. With credibility, the government can delegate some functions to them, and the government can sign contracts with these designated platforms to delegate certain functions, such as the function of annual financial report disclosure. If it is dispersed to 13, the cost to the government is relatively high, and the risk is also relatively high.

  In addition, I think these platforms should be chosen by the people, and in the end, it should not be the government that regulates them, but the ordinary people. The more ordinary people use this platform, the more useful this platform will be. If there are 13, it is likely that everyone does not use it much and is scattered.

  But the second type of platform is actually an information publishing intermediary, a public platform.

  The third platform is entirely the information released by charitable organizations, not an intermediary, but according to their own needs.

  These three types of information will eventually be aggregated into the large database system of public welfare and charity. One result of this will be that the so-called "human flesh" will be easy, such as how credible a charity organization is and what it has done, it can be quickly searched. This information is sourced from all three types of platforms.

  Nandu: How long do you think it will take for these three platforms to be completed?

  Wang Ming: I originally estimated that it would take three to five years, but now it seems very fast. This year, I estimate that all three types of platforms will be launched slowly. And this is combined with China’s entire technological progress. Our Internet technology will play a positive role in this platform.

  It is very important to note that the design of these platforms is stipulated by law, and once they are launched, they are not subject to human will. The biggest feature of the Internet is that after a certain stage of development, it will far exceed our imagination. In two or three years, I think our system will work effectively. At that time, it will become easy to donate, ask for help, and obtain information about organizations. At that time, its authenticity will not be determined by the information publisher, nor by the information regulator. It will be determined by the big data system. There is no need to worry about whether the information is falsified as it is now.

  Talking about big data

  In the era of mobile Internet, without big data, there is no way to establish new systems

  Nandu: In fact, ordinary people encounter more situations when a friend of mine posts a message through WeChat Moments, saying that my family has some illness, and I want everyone to donate. This situation is not included in these three types of information platforms?

  Wang Ming: I think with these three types of platforms, we should pay attention to the fact that the platform can complete the function of identification and regulation through big data. If it is not in the field of charity, big data will naturally exclude this from the system. I do not agree that the government should make this identification, but should make this identification by big data to clarify a boundary.

  The reason why there was a lot of ambiguity in the past is because we leave a lot of moral issues to the law. The biggest improvement of the Charity Law is that it only prohibits illegal acts within the scope of charity. If it is a moral issue, or it should be in the scope of other laws, such as criminal law, civil law, leave it to the moral or other laws, instead of all issues in the circle of the Charity Law.

  Nandu: Can you say that the introduction of this Charity Law is based on trust in the future of big data?

  Wang Ming: In fact, we didn’t particularly consider big data and mobile Internet when drafting, but it turned out that platforms and big data may play a fundamental role in this regard, that is to say, we have actually entered an era, which is the era of mobile Internet. Without big data, we actually have no way to establish new systems. So the Charity Law was not designed in this way intentionally, but it has taken a big step forward with this era.

  Talk about charity

  Charity is only divided into legal and illegal, there is no "good" and "bad"

  Nandu: In philanthropy, there is also a much-discussed issue, which is whether there is a good charity and a bad charity. For example, there were many controversial charity methods like Chen Guangbiao before, and many people felt that as long as it can help people, it doesn’t matter.

  Wang Ming: What I want to emphasize now is that after the promulgation of the Charity Law, I do not agree with the use of value judgments to distinguish charitable acts. In fact, charity itself is good. In the future, charity only needs to distinguish between legal and illegal, not "good" and "bad". I mentioned a concept called "legal mainstreaming". In the future, there is only one thing that is mainstream, and that is legal. Other things we said before, such as good charity is mainstream, low-key charity is mainstream… These are no longer standards. Now, charity is good, including those like Chen Guangbiao. If it is within the scope of legal, why do you need to condemn it?

  Some people may think that this kind of charity seems too high-profile, or feel that it is hyped, but as long as it is within the scope of legality, we consider it to be positive, that is, to use the law instead of people’s morality to judge a charitable act.

Rewriting our understanding of the early formation history of the Milky Way, scientists obtain the most accurate large sample of star age information to date

On March 24, Beijing time, the international scientific journal Nature published a major achievement in the form of a cover article by researchers at the Max Planck Institute for Astronomy in Germany in collaboration with Dr. Maosheng and Professor Hans-Walter Rix. Based onGuo Shoujing Telescope, a major national scientific and technological infrastructure operated by the National Astronomical Observatory of the Chinese Academy of Sciences(LAMOST) andESA Astrometry Satellite Gaia Telescope(Gaia) sky survey data, researchers have obtained the most accurate large sample of stellar age information to date, clearly reconstructing the formation and evolution of the Milky Way during its infancy and adolescence according to the time series, rewriting people’s understanding of the early formation history of the Milky Way.

The age of a star is one of the most difficult physical quantities to accurately measure in astronomy.

The beautiful and vast Milky Way in the night sky has aroused countless imagination and endless exploration since ancient times. Our Milky Way is an ordinary disk galaxy in countless cosmic islands. Like other similar galaxies, it has integrated hundreds of billions of stars over the past ten billion years. These stars are mainly distributed in the Milky Way’s halo and silver disk, which in turn includes a geometrically relatively thick disk and a relatively thin and more extended disk. However, when did the Milky Way’s halo and Milky Way disk form, and how did they assemble and evolve into today’s colorful galaxy?It has always been a scientific mystery that astronomers urgently need to solve.It is also the main scientific goal of a large-scale astronomical survey program for multiple ground and space telescopes around the world.

LAMOST publishes tens of millions of star spectra, becoming the cornerstone of the digital galaxy. The Gaia satellite launched by ESA provides maps of the positions and movements of 1.40 billion stars. This perfect combination provides astronomers with a unique advantage in tracing the integration and evolution history of the Milky Way. To Dr. Maosheng and Professor Rix based on LAMOST and Gaia data,High-quality data samples containing 250,000 subgiant stars were constructed and their precise ages were obtained.The age of a star is the most difficult physical quantity to accurately determine, and it can also be said to be one of the most difficult physical quantities to accurately measure in the field of astronomy.

Thanks to the LAMOST Milky Way Survey and other international sky surveys, obtaining the ages of large samples of stars has become a reality in the past few years. However, the typical age error of large samples of stars obtained by previous studies is 20% or more, and the star samples that achieve 10% age determination accuracy are very small, and the space and parameter range of the samples are also very limited. Using the LAMOST spectroscopic big data, the atmospheric parameters of 7 million stars were accurately determined in the Lush, and combined with the Gaia data, high-precision stellar luminosity and orbital kinematics parameters were obtained. 250,000 subgiant stars were selected from these 7 million stars, and their precise ages were determined.The average age accuracy of the sample is 7%.The metal element abundance coverage ranges from -2.5 (one-300th of the metal content of the sun) to 0.5 (three times the metal content of the sun), with a space coverage of 30,000 light-years. This is the first time that such a large sample of stars has been obtained within such a vast space and stellar metal abundance range of the Milky Way. It has successfully broken through the limitations of data and taken a landmark step for the study of the history of the formation and evolution of the Milky Way.

[The first "clear picture" of the history of the formation of the Milky Way]

Based on their motional characteristics and chemical DNA (elemental abundance), they divided 250,000 stars into two groups: those characterized by the formation of the Milky Way’s extended thin disk during a relatively dynamically quiet process, and those characterized by the formation of the Milky Way’s halo and thick disk during a dynamically violent turbulent process. The research team found that the ages of these two groups of stars, bounded by about 8 billion years, were equally clearly divided into two distinct groups. That is, in terms of time, the integration and evolution history of the Milky Way is divided into two well-defined stages, the early stage from 13 billion years ago to 8 billion years ago and the late stage from 8 billion years ago to the present. The early stage formed the Milky Way’s thick disk and halo, and the late stage formed the Milky Way’s thin disk.

The ultra-high temporal resolution allowed the research team to obtain a clear picture of the early integration and augmentation of the Milky Way: stars in the Milky Way’s thick disk have been forming since 13 billion years ago, just 800 million years after the Big Bang (corresponding to a cosmological redshift of 7). The oldest thick disk stars are even about 1 billion-2 billion years older than the stars in the Milky Way’s inner halo. The inner halo structure of the Milky Way is thought to be mainly caused by the collision of the Hundred-Handed Giant Enceladus Dwarf Galaxy (GSE) into the Milky Way and were accreted and formed in time. That is,The early thick disk formed 1 billion-2 billion years before the main stellar halo structure we see today, refreshing conventional knowledge of the galaxy’s early formation history.


Diagram of the early formation and evolution of the Milky Way:138Billions of years ago, the Big Bang.130Billions of years ago, thick plates began to form,110Million years ago, the halo formed.80Hundreds of millions of years ago, the Milky Way’s thin disk formed. (Image source: Yu Jingchuan)

After further investigation, Xiang Maosheng et al. also found that although the formation of the thick disk lasted for about 5 billion years from 13 billion years ago to 8 billion years ago, the metal content increased by 30 times. However, although the cycle lasted for 5 billion years, most of the thick disk stars formed in a concentrated explosion about 11 billion years ago. At the same time, they found that the merger of the dwarf galaxy GSE and the early Milky Way occurred about 11 billion years ago, which is 1 billion years earlier than previously thought. The two ages are highly consistent, which the research team believes is no accident, but strongly suggests that the star formation activity of the thick disk was significantly stimulated by the GSE impact event.

The gas that formed the thick disk stars was exhausted about 8 billion years ago, and the formation of the thick disk stopped. Around the same time, new gas began to gather from around the Milky Way into a thinner disk to form the Milky Way’s thin disk stars. The thin disk formation process continues to this day. At this point, a precise image of the formation and evolution of the early Milky Way on a timeline is presented, Nature journalThe reviewers’ evaluation of this result is the first to provide such a clear picture of the history of the galaxy’s formation.The Milky Way, as a representative of ordinary galaxies, is a key laboratory for our study of the formation and evolution of ordinary galaxies in the universe, which can help astronomers trace the fascinating stories that have taken place from the very early universe to today.

Huawei joins hands with the Expo to intelligently help thousands of industries develop together.

With the rapid development of global consumer electronics technology, innovative products such as new audio-visual digital devices, wearable devices and robots are constantly emerging, bringing more convenience and wisdom to people’s lives. In this context, the 2023 China Consumer Electronics Expo and Qingdao International Software Integration Innovation Expo were successfully held in Qingdao, Shandong. The combination of the two exhibitions has built a new pattern for promoting the development of the digital industry by integrating high-quality resources.

At this exhibition, Huawei, as a leading enterprise in the consumer electronics industry, brought a variety of terminal products, commercial products, and the AITO community deeply empowered by Huawei, which fully demonstrated Huawei’s business layout and innovation achievements in digital technology, smart travel, whole house intelligence, terminal commercialization and other aspects.

In the intelligent exhibition area of the whole house, visitors can experience Huawei’s smart screen, Sound X smart speaker, home router, wireless network terminal and other products, and also learn about a large number of Huawei HarmonyOS Zhilian ecological products, such as smart ceiling lamps, table lamps, electric curtains, smart door locks and air purifiers. In the future, Huawei will launch more smart products, continuously enrich Huawei’s smart home scene experience, and bring consumers a more convenient and comfortable smart life experience.

Shao Yang, chief strategy officer of Huawei Terminal BG and president of the whole house intelligent product line, said that the whole house intelligent will become a trillion-dollar heavyweight track in the next decade. Based on the needs of users, Huawei will continuously introduce more intelligent products to bring consumers a more convenient and comfortable smart life experience.

It is understood that Huawei’s whole house intelligence 3.0 solution is an intelligent solution that integrates a variety of innovative technologies. The scheme has a local intelligent host with high computing power, a "visual and talkable" function with full interface content supporting voice control, and a variety of technologies such as AI extrasensory sensors and professional security cameras with users’ accurate position and presence perception. The organic combination of these technologies enables Huawei’s whole house intelligence 3.0 to have the ability of brain, vision, hearing and voice dialogue, bringing users a smarter, more convenient and safer home experience.

In addition, Huawei’s whole house intelligence 3.0 solution is still being upgraded and improved. On May 18th, Huawei launched the whole house intelligent 4.0 scheme, in which the intelligent central control panel S2 is the industry’s first space crossing screen, and Huawei’s whole house intelligent panel integrates scene, lighting, sunshade, air conditioning, floor heating and fresh air control. In addition, various technologies such as high-end sensors are added to better guarantee the global security network. The release of Huawei’s whole house intelligence 4.0 scheme represents that Huawei’s technical strength and innovation ability in the field of whole house intelligence have been further improved, which will bring consumers a more convenient and comfortable smart life experience.

In addition, in the smart office exhibition area, Huawei brings exquisite experience and technological innovation to the commercial field, providing exclusive commercial products for corporate customers, such as commercial notebooks, commercial desktops, commercial monitors, commercial tablets, commercial printers, etc., which can efficiently meet corporate scenes such as paperless meetings and daily office, and create smart productivity tools and efficient smart office new experiences for all walks of life.

In the core competence of Huawei’s smart office, equipment coordination and ecological integration are crucial links. Through the cooperation between devices and the integration between systems and applications, office efficiency and convenience can be greatly improved.

Relying on its strong technical strength and excellent smart office experience, Huawei commercial terminals play the role of super enabler in the digital transformation of government and enterprises. Especially in the field of smart travel, Huawei has deeply empowered AITO to ask the world, which has improved this new energy vehicle brand in terms of technology, quality and user experience.

In the smart travel exhibition area, visitors can experience the surging power and intelligent technology of AITO, such as the intelligent cockpit and intelligent driving of M5 and M7 models. Thanks to Huawei’s deep empowerment, the intelligent interaction, endurance and comprehensive performance of AITO brand have been fully guaranteed and improved, bringing consumers a more relaxed, high-quality and comfortable smart car experience.

In addition, Huawei’s commercial terminals have also launched commercial products such as commercial notebook computers, commercial desktop computers, commercial monitors, commercial tablet computers, and commercial printers to provide more efficient smart office solutions for corporate customers. The launch of these products once again proves Huawei’s research and development strength and innovation ability in the fields of intelligence and technology.

In the future, with the continuous advancement of digital transformation of government and enterprises, Huawei’s commercial terminals will continue to give full play to their own advantages, so as to better help government and enterprise customers complete digital upgrades and realize efficient, convenient and safe office and business development.

After reading these products, is there something missing? At such a heavyweight exhibition, there must be Huawei Cloud. Turning to Huawei Cloud Shandong Exhibition Area, products in popular fields such as cloud, Huitong travel and digital human technology in the game also made stunning appearances, bringing more business opportunities.

Relying on its stable and secure cloud services and technological innovation, Huawei Cloud creates quality games with the game industry, providing one-stop cloud services for key links such as game development, deployment, operation, acceleration, security and innovation, and improving the efficiency of game development and operation. At the same time, around the two starting points of "extreme experience" and "extreme efficiency", Huawei Cloud has built a full-process, full-scenario and full-data travel management process to help enterprises achieve "safety compliance, lean management, quality improvement and efficiency improvement, and smart experience". Digital human technology shows the high-precision restoration of voice, mouth shape and body movements, making it difficult for the audience to distinguish between true and false.

Huawei Cloud Professional Services combines years of experience in cloud transformation to provide customers with full-scenario, full-stack "one-stop cloud" and high-availability, digital and intelligent "worry-free cloud" services, which can improve the ability of traction partners, enable business to "one-stop cloud" and lead the industry in "worry-free cloud". At present, Huawei Cloud has built more than 160 innovation centers in more than 20 provinces and cities, built 3,000 innovative solutions and trained 200,000 developers.

With the acceleration of digitalization and intelligence in thousands of industries, the market demand is more diversified. It has become the consensus of the industry to establish a digital industrial ecology with multi-party cooperation to meet the innovative needs of customers. In the future, Huawei will focus on the new partner system, continue to carry out ecological innovation, bring more and better innovative products and services to the consumer market, partners and developers, and create a smart world with the Internet of Everything.

BYD Han’s 5G car machine is really a slap in the face. Old car owners can’t upgrade their own pockets.

Recently, on a third-party car quality evaluation platform, the editor of Automotive Professional Network noticed that many car owners complained that the 2020 BYD Han 5G car was suspected of false propaganda. BYD claimed to be the first production car equipped with Huawei’s 5G technology when promoting the car. However, according to the owners, after the actual purchase, it did not provide the corresponding 5G technology and high-performance car chip at all. The current car is 4G Qualcomm 625 chip. At the same time, as the core of the car, the car engine system is very stuck, which affects the driving safety and the overall service life of the car, which is completely inconsistent with its propaganda.

After sorting out the complaints from car owners, the editor found that from April 10th, 2020 to July 12th, 2020, BYD started the pre-sale promotion of "BYD Han", and during this period, it has been promoting with the contents of "the world’s first production car equipped with 5G technology", "audio and video entertainment, extremely fast seconds on" and "DiLink3.0" as its main selling points, and even invited Yu Chengdong, then president of Huawei, as its 5G technology platform. However, the actual car-picking system is disappointing, such as the car is stuck, the software is slow to open, the sound is broken when navigating or playing songs, and the voice Xiao Di is completely ineffective.

Some car owners said that they had called the official customer service to ask if the car function could not be upgraded to 5G. The customer service said that it could be upgraded at that time. The second call said that it would cost 8,000 yuan. However, when the car owner went to the 4S shop to make an appointment, he was told that it could not be upgraded. After that, the owner repeatedly called the official customer service and was told that it could be upgraded, but later the customer service called the owner back and said that it could not be upgraded. In fact, more than one old car owner revealed that he could not upgrade even if he paid for it at his own expense.

Subsequently, the editor of "Automotive Professional Network" also called BYD’s official customer service on this matter. The staff said that the 8000-yuan 5G upgrade package is currently limited to car owners who have placed an order but have not picked up the car, while the old car owners do not enjoy this service.

The editor noticed that the complaint data on a third-party complaint platform showed that BYD Han was the model with the highest number of complaints in September, which was the first time in the history of the car to rank first in the monthly complaint list. The cumulative number of complaints in the month reached 98, and the main problems of complaints were audio-visual system failure, sales fraud, vehicle interconnection failure and so on.

In addition, there were 273 search results on another complaint platform, among which "false propaganda" and "treating new and old customers differently" were the hardest hit areas. While searching BYD Han on the national automobile product defect clue monitoring cooperation network, there were 46 complaints, including 42 in September alone, all about "false propaganda" and "car machine stuck".

Some car owners even indicated that they had taken a fancy to Huawei’s 5G technology when they bought this car, but they didn’t expect the so-called BYD Han 5G car machine to be just lip service. What is even more irritating is that up to now, the manufacturers and their dealers have not provided any compensation or upgrade plan, and they have also kept their mouths shut about this matter and ignored the rights and interests of consumers.

It is worth mentioning that the sales of BYD Han, which was listed in July 2020, are quite good and even become the sales pillar of BYD. According to the sales data of Han models released by BYD in September, BYD’s Han sales reached 10,248 vehicles in September, up 82.6% year-on-year and 13.4% quarter-on-quarter, achieving positive sales growth for six consecutive months. In September, BYD Han EV (parameter picture) sold 7796 vehicles, up 115.1% year-on-year, and Han DM sold 2452 vehicles, up 23.3% year-on-year. In the third quarter of 2021, the sales volume of Han models reached 27,805 vehicles, up 157.0% year-on-year, and the cumulative sales volume since listing exceeded 120,000 vehicles.

It can be seen that even after being complained about the car system by the old car owners for several months, BYD Han’s new car is still not worried about selling, which also leads BYD to be too lazy to take care of the old car owners and simply delay handling it. We don’t want to see BYD self-destruct. Auto Professional Network will continue to pay attention to the complaint of BYD’s old car owners about rights protection.